Dehradun, the capital of Uttarakhand, is a city famous for its natural beauty. Also renowned as the education hub in northern India, it houses prestigious educational institutes such as the Indian Military Academy, Welham, and Doon School.
Businesses like software development, education institutes, pharma companies, and food establishments are thriving in Dehradun. There is also a scope for growth in travel agencies due to a surge in tourism.
For those looking to tap into these opportunities or meet personal financial goals, SMFG India Credit offers tailored solutions for a loan against property in Dehradun. Whether you're expanding a business, funding education, or covering medical expenses, our mortgage loan provides flexible, high-value financing options. Read further to learn about the benefits of a property mortgage loan in Dehradun.
A loan against property in Dehradun is a secured loan where you can get access to a large amount of funds by pledging your property as collateral. Being backed by security, LAP loans in Dehradun offer several benefits such as:
At SMFG India Credit, the basic property loan in Dehradun eligibility requirements for salaried, self-employed, and SME applicants are as follows:
|
Factor |
Salaried |
Self-employed |
SME |
|
Age |
Between 21 and 60 years. |
Between 25 and 65 years. |
At least 2 years old. |
|
Nature of work |
A salaried employee in an MNC, a private company or the public sector |
Self-employed individual with a steady source of income |
- |
|
Location |
Resident citizen of India |
Resident citizen of India |
Indian SME |
|
CIBIL score |
700+ |
700+ |
Financials should show a steady source of profits over the past 2 years and be audited by a chartered accountant. |
*Please note that this is only the basic Dehradun loan against property eligibility. The final eligibility will depend on several factors including SMFG India Credit’s policy at the time of loan application.
Here are some of the documents required to apply for a Loan Against Property:
|
Type of Document |
Salaried |
Self-Employed / SMEs |
|
PAN Card |
|
|
|
Proof of Identity And Proof of Address (any one) |
|
|
|
Age Proof (any one) |
|
|
|
Bank Statements |
|
|
|
Income Documents (with CA certification wherever applicable) |
|
|
|
Property Documents |
|
|
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Other Essential Documents |
|
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Please note that in case of co-applicants, basic documents such as PAN, KYC documents, etc., will also be required.
The above list is indicative. Depending on the specific loan product, your profile, and our policy at the time of loan application, additional documents may be requested.
Note:
The interest charged on a loan against property depends on several factors. These include:
|
Factor |
Rates/Charges |
|
Interest Rate |
9.25% - 18.5% per annum SMFG India Credit Retail Prime Lending Rate (RPLR) is 20.80% w.e.f 1st April, 2024. Lowest Interest Rate (depending on several factors including net income, employment or business stability, existing monthly obligations, type of LAP product, etc.) |
|
Rate of Interest Conversion Fee |
An amount not exceeding 1% of the Principal Outstanding as on date of change request |
|
Charges for switching of loans from floating to fixed rate and vice versa |
2% of the outstanding loan amount |
|
Processing Fees |
Up to 2% + GST |
|
Loan Cancellation Charges (Loan Cancelled Before 1st EMI) |
INR 5,000 plus GST if the loan is cancelled at the request of the borrower after disbursement of the loan but before encashment of the loan disbursal cheque. If cancellation of the loan is requested after encashment of the loan amount, prepayment conditions as specified herein shall apply. |
|
Repayment Instrument/ECS/ACH/Direct Debit Dishonor Charges |
INR 500/- |
|
IMD Charges |
Up to INR 4,500 plus GST for loan amounts from INR 5 lakh to INR 50 lakh; up to INR 5,500 plus GST for loan amounts above INR 50 lakh and up to INR 40 crore; and up to INR 6,500 plus GST for loan amounts above INR 40 crore |
|
Late Payment Charges (applicable for payment default) |
2% charged monthly (24% per annum) on the overdue amount, calculated on a day-to-day basis, payable from the relevant due date till the date of actual payment |
The interest rates on mortgage loans offered to borrowers by SMFG India Credit depend on a number of factors, including SMFG India Credit’s policy at the time of loan application. To know more, please visit our loan against property interest rates page.
Complete the loan against property application process in Dehradun from the comfort of your home with these simple steps:
A loan against property in Dehradun for business or personal needs allows you to pledge property as collateral to access substantial funds.
Whether you are a salaried individual, an entrepreneur, or an SME, SMFG India Credit’s mortgage loans in Dehradun can be customised to suit your unique needs. They come with a host of benefits from attractive interest rates to flexible repayment options. We also offer free online tools like the LAP EMI calculator to aid your financial planning.
Apply for a LAP today to experience the dedicated support of the best loan against property providers in Dehradun.
* Please note that loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.
Several factors are taken into account to calculate your loan against property in Dehradun such as your income, employment type, type of LAP product, CIBIL score, and age.
The online application offers several advantages such as:
The following tips can help you secure a low-interest loan against property in Dehradun:
At SMFG India Credit, a loan against commercial property in Dehradun goes up to 60%* of the property market value. A loan against residential property goes up to 70%* of the property market value. The final loan amount will also depend on your eligibility, creditworthiness, and overall financial stability.
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Insurance disclaimer SMICC is registered with the Insurance Regulatory and Development Authority of India (IRDAI) as a Corporate Agent. IRDAI Registration No.: [CA0098] CIN No. U65191TN1994PLC079235. The insurance policy is a contract between the customer and the insurance company, and policy is underwritten by insurance companies. SMICC acts only as the distributor and is not responsible for any risk, policy issuance, claim settlement/repudiation etc. Insurance is the subject matter of solicitation. Purchase of insurance is voluntary and subject to insurer underwriting and policy terms and conditions. Customers are advised to read the policy terms and conditions, benefits, exclusions, claim settlement carefully before purchase. Kindly note that “Insurance Products” are not mandatory for the purpose of the application and disbursement of loan. It shall be the sole discretion of the customer, by providing explicit consent, to avail such insurance along with the Loan.
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